24 Matisse Road NE, Albuquerque, NM 87123 (MLS# 1094511)

24 Matisse Road NE, Albuquerque, NM 87123

$1,375,000

Property Type: Residential Income Square Footage: 8,134 Lot Size (sq. ft.): 466,528 Status: Active

Current Price: $1,375,000 List Date: 11/14/2025 Last Modified: 1/20/2026

Overview

Description

Property is occupied with 5 tenants, APPOINTMENT REQUIRED to view this historic property. Step back in time to this historic Route 66 ranch-style 1940 home on 10.7 acres-first built on a 200-acre Tres Pistoles Canyon homestead amid granite boulders with historic visitors! A rare investment opportunity with 7 beds, 6 baths, 8,134 sq ft. Main house + 2 casitas, each with their own entry, private driveway, and beautiful courtyards! Breathtaking Sandia views & easy National Forest hiking access make you feel worlds away—yet minutes from I-40's Tramway/Central exit. Historical charm includes original kitchen cabinets, classic bathtubs/showers, flooring, rock fireplaces, wrought-iron porches, & built-in BBQ pits. Main floor has koi pond & privacy fence; lower back has shade trees.

Supplements: Extensive masonry/flagstone, adobe/brick/saltillo floors, open wood ceilings embody Northern NM charm!

Listing Details MLS# 1094511

Contract Information

List Price/SqFt: 169.04

Location

Street #: 24
Street Name: Matisse
St Suffix: Road
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87123
Zip +4: 9664
MLS Area Major: 210 - Carnuel/Monticello
Zone Atlas: L25

General Property Description

# of Units: 6
5+ Units: Yes
Units for Sale: 6
Property Sub-Type: Multi-Family
Living Area: 8134
SqFt Source: Floorplan
Lot Size Source: On-Line
Acres: 10.71
Lot SqFt: 466528
Directions: From the intersection of Tramway and Central, continue east on Central and take NM 333 which crosses over I-40. Continue on NM 333 and turn north onto Matisse. On Matisse turn left at the fork in the road stay to the left and circle around to the back of the property. *(Only 3 miles from the intersection of Central and Tramway)
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 3
Year Built: 1946
Year Built Source: Public Records
Age: Select One
Accessory Dwelling Unit: No
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: Yes
Flood Zone: AO

Cooling

Centrally Ducted: No
Evaporative Cooling: Yes
Varies by Unit: Yes

Basement

Basement: Yes
Bsmt Overall SqFt: 743
Basement Heated: Yes
Basement SqFt Incl: Yes
Basement Finished: No
Basement Entry/Exit: Interior Only

Sales Info

Trade/Xch Considered: No

More Information

# of Unit Types (1)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Style: Top Floor Apt
Approx. SqFt: 2051
Actual Rent: 2400
Max Rent: 2400
Market Rent: 2400

# of Unit Types (2)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Style: Rock House Apt
Approx. SqFt: 786
Actual Rent: 1000
Max Rent: 1000
Market Rent: 1000

# of Unit Types (3)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Style: Middle Apt
Approx. SqFt: 931
Actual Rent: 1300
Max Rent: 1300
Market Rent: 1300

# of Unit Types (4)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Style: West Wing Apt.
Approx. SqFt: 1009
Actual Rent: 1400
Max Rent: 1400
Market Rent: 1400

# of Unit Types (5)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Style: Little House Casita
Approx. SqFt: 1108
Actual Rent: 1700
Max Rent: 1700
Market Rent: 1700

# of Unit Types (6)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Style: Steam Room Casita
Approx. SqFt: 963
Actual Rent: 1500
Max Rent: 1500
Market Rent: 1500

Unit Summary

Total Units: 6
Average Unit Size: 1141.33
Average Actual Rent: 1550
Annualized: 111600
Total Actual Rent: 9300

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 102505709901830105

Tax & Legal Info

GRT Code: 02-002
Tax Exemption: Unknown
Tax Annual Amount: 5181.86

Construction Materials

Concrete: Yes
Frame: Yes
Stone: Yes
Stucco: Yes

Amenities

Balconies/Deck: Yes
Fireplace All Units: Yes
Laundry Community: Yes
Laundry Equip. Owned: Yes
Private Patios: Yes
Some Landscaping: Yes

Flooring

Brick: Yes
Carpet: Yes
Tile: Yes
Wood: Yes

Heating

Electric: Yes
Hot Water: Yes
Perimeter/Baseboard: Yes
Propane: Yes

Owner Pays

Maintenance: Yes
Some Utilities: Yes
Trash Removal: Yes

Tenant Pays

Other - See Remarks: Yes

Income & Expenses

Annual Gross Income: 111600

Build Description

Resale: Yes

Appliances included

Dryer: Yes
Free-Standing Gas Range: Yes
Washer: Yes

Utilities

Electricity Connected: Yes
Propane Owned: Yes
Sewer Connected: Yes
Water Connected: Yes

Green Energy Generation

None: Yes

Electric Provider

Public Utility: Yes

Miscellaneous Info

No Sign: Yes

Operating Expenses

Insurance: Yes
Property Taxes: Yes
Repairs/Maintenance: Yes
Utilities: Yes

Parking

2+Spaces Per Unit: Yes

Roof

Pitched: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Other - See Remarks: Yes

Zoning

A-2: Yes

Property Features

Construction Materials: Concrete; Frame; Stone; Stucco Build Description: Resale Amenities: Balconies/Deck; Fireplace All Units; Laundry Community; Laundry Equip. Owned; Private Patios; Some Landscaping Appliances included: Dryer; Free-Standing Gas Range; Washer Utilities: Electricity Connected; Propane Owned; Sewer Connected; Water Connected Heating: Electric; Hot Water; Perimeter/Baseboard; Propane Cooling: Evaporative Cooling; Varies by Unit Flooring: Brick; Carpet; Tile; Wood Green Energy Generation: None Electric Provider: Public Utility Miscellaneous Info: No Sign Operating Expenses: Insurance; Property Taxes; Repairs/Maintenance; Utilities Owner Pays: Maintenance; Some Utilities; Trash Removal Tenant Pays: Other - See Remarks Parking: 2+Spaces Per Unit Roof: Pitched Rental Info: Other - See Remarks Finance Considered: Cash; Conventional Zoning: A-2

Documents

Tax Levy Disclosure ›

Easements ›

Floorplans ›

Form 2100 - Broker Duties Supplemental ›

Well Documents Part 1 ›

Well Documents Part 2 ›

Sellers Disclosure ›

Lead Based Paint ›

Septic Permits ›

Listing Office: Keller Williams Realty

Last Updated: January - 20 - 2026

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